I knew that Zeckendorf was involved, and I looked up Global. You are correct. I agree that they should develop that site.
NYC is facing a real estate existential crises; many post-covid residents are moving out, and many companies are downsizing, or moving out entirely.
I can show you over a dozen large midtown commercial buildings with less than 10% occupancy right now; and add to those numbers the vast amount of commercial space currently under construction.
I think it is important to look at the economic realities of what is happening in this market while considering all of the possible real estate development options that are actually viable for this particular assemblage.
I predict this parcel will remain dormant for the foreseeable future; and if by chance plans/financing is already in place - sales and occupancy will be rough going in the next decade.
I tend to be an optimist; but the hard facts on the ground, the economy, and local real estate market conditions can not be ignored by any rational observer.
I’m optimistic about NYC. Other than Florida (and maybe Boston, SF, DC, or Philly), New Yorkers wouldn’t last in most other places. The rest of America basically sucks.
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That is true; nothing else like NYC. I think other places will be affected by the factors outlined in this WSJ article; but Manhattan will always have that unique quality that will continue to attract people from all over the USA, as well as internationally.
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News on 1855 Broadway next door:
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Looks like typical Lincoln Square crap.
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This site deserved something better.
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hmmm. That’s not as bad as i was envisioning it. It has an Art Modern look to it.
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Not too bad, would’ve looked better if they brought they made the podium corners curved as well
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A reminder that there used to be a legitimate Art-Deco building here with terracotta, bronze and limestone:
Stripped, demolished, and now something that kind of looks Art-Moderne.
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It might look good if the materials are high quality. Hard to tell from that render. Could be similar to the cookfox highline building.
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